...employees, you have been asked to evaluate different compensation strategies that are available for adoption within your organization. Compare and contrast at least three compensation strategies and determine recommendations for how they may be implemented within your organization. Name: Henry Rivera I.D. #: 000318961 Reference Title Finding #1 Godfrey, W. (2013, January). Compensation Strategy for Success. Prezi. Retrieved from http://prezi.com/j9k9_m_2qiwn/compensation-strategies-for-success/ Sager, Suzanne. (2011, September). Merit Pay Most Often Used in Compensation in Public and Academic Librarians. Library Worklife. Retrieved from http://ala-apa.org/newsletter/2011/09/01/merit-pay-most-often-used-in-compensation-for-public-and-academic-librarians/ Ojimba, E. (2004, November 15). Salary Basics – Developing a Strong Compensation Strategy. Salary.com for Business. Retrieved from http://www.salary.com/Small-Business-Advice/advice.asp?part=par410 Finding #2 McGladrey. (2011). Lessons from Recession Increasing Focus on Incentive Compensation Programs. Retrieved from http://mcgladrey.com/Perspective/Lessons-from-recession-increasing-focus-on-incentive-compensation-programs University of Wisconsin – Green Bay. (2013, April 9). Compensation Philosophy. Retrieved from http://www.uwgb.edu/hr/documents/CompPhilosophy0401.pdf Finding #3 Gerhart, B., Milkovich, G.T., & Newman, J.M. (n.d.). Compensation Strategy. Answer, McGraw Hill. Retrieved from http://mhanswers-auth...
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...CPDC The CPDC (Cost per Double Click) designates the amount paid to the affiliate for a click on a link or on an advertiser's graphic element, followed by another click on the advertiser's site. CPM CPM stands for cost per thousand impressions (M is the Roman numeral for a thousand). This means the advertiser pays for every thousand times the advert loads on the publisher’s page. This is how a campaign is normally priced when brand awareness or exposure is the primary goal. The advertiser and the publisher negotiate a fixed amount that the advertiser will pay for every 1,000 times an ad is shown. CPM is a very simple payment scheme, assuming the two parties can agree on a method for counting impressions. There are often stipulations in the agreement, such that the ad can only be shown on certain pages of the publisher’s site, or can only be shown on pages with a limited number of other ads. In a CPM relationship, the publisher is primarily concerned with maintaining a high-quality audience that has well defined interests or characteristics. The advertiser is primarily concerned with creating a message that will be noticed by their target audience, because they pay for the impression whether or not the user actually sees the ad. In general, the more knowledge a publisher has about a particular audience, the higher the CPM that can be charged, because the advertiser is able to more clearly know who their message is being delivered to. One prominent...
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...Total Compensation Methods Paper Total Compensation Methods Paper In all businesses, a company needs to make sure that their turnover ratio is maintained while, at the same time, keep their best employees. Compensation and benefits are just two ways that a company can do such things. The company must know what each individual is looking for at the same time. Not all employees want the same thing. Some employees want the steady 40 hour 5-day a week salary job, while others may want 4-day weeks and more paid time off. By providing a proper balance of all items such as compensation, benefit programs, and salary, the administration of the company can keep their excelling employees and may not have to worry about a huge turnover ratio. Compensation Methods “Compensation is a systematic approach to providing monetary value to employees in exchange for work performed. Compensation may achieve several purposes assisting in recruitment, job performance, and job satisfaction.” (HR Guide to the Internet) In this type of economy, many businesses will start to freeze wages and stop giving their employees any type of compensation. However, this may hurt the employee morale. By giving out a reward for an excellent job performance at times, a company could see a bigger profit in this rough economy. There are a few different types of compensation methods. These methods include but are not limited to the following: • Commission • Overtime • Bonus • Expense Allowances ...
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...Bailey DeVry University Professor: Patricia Meunier-Muenks HRM-430-67386 Compensation & Benefits Compensation Challenges for Wisconsin Electric April 16, 2016 Executive Summary The point of this paper is to look at the compensation challenges inside of Wisconsin Electric (WE Energies) and make a pay methodology that will benefit the organization, as well as the representative. With the steady change in today's business world, to have an upper hand makes it troublesome for managers to pull in and hold the most skilled representatives. Recognizing the organization's compensation procedure guarantees the organization offers the right pay and pay increases in compensation to keep top employees. When we hear the word compensation we consider paying a worker for their work performed, however, there is substantially more to compensation. Compensation and benefits, "incorporates not just compensation, but also the direct and indirect rewards and advantages the representative is furnished with consequently for their commitment to the organization. To decide compensation, companies should build up a pay and compensation program that diagrams a fair process for repaying workers" ("Compensation and Benefits," n.d.). This approach is a critical piece in helping HR to deal with staying aggressive and successful in the worldwide business sector. All through this paper we will talk about the compensation and benefits methodology of WE Energies and recommendations on the most proficient...
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...Throughout this course, you study a variety of HR issues and learn about the various roles that HR plays in a successfully functioning organization. In order to facilitate your learning in this course, a course project that allows you to research various HR functions at an organization of your choice has been developed. You can then practically apply the information you have learned to the chosen environment. The organization you select should be of interest to you. It can be where you are currently employed, or wish to be employed. It can also be something that interests you (for example, coffee drinkers can select Starbucks). This must be an organization that is researchable as you need to gather and analyze a variety of information in order to complete the components of your project. If you select an organization with which you are currently associated, it is important to remember that the various analyses you make during the completion of your project must be based on facts that can be documented rather than your personal opinion as an employee. Each project component requires you to research a different aspect of HRM. In addition to gathering the requisite data from the organization of your choice, you are required to research and employ a minimum of four resources (per assignment) to support the content of each assignment. Examples of acceptable choices include informational interviews, scholarly journals, and white papers from professional organizations such as...
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...OFFICIAL RULES OF L’OREAL BRANDSTORM 2016 I. HOW TO PLAY? INTRODUCTION 1. L’ORÉAL BRANDSTORM 2. WHO CAN PLAY? 3. TEAM’S COMPOSITION 4. THE COMPETITION FOR PARTNER SCHOOLS PLAYERS a. The schedule b. Steps of the game STEP 1: Online Registration STEP 2: Project Development The case study The Brandstorm Path to Win Platform Briefing Day Working with the agencies STEP 3: National Finals STEP 4: International Finals 5. THE COMPETITION FOR WILD CARD PLAYERS a. The schedule b. Steps of the game STEP 1: Online Registration STEP 2: Online Pre-Case Finals STEP 3: Briefing Day STEP 4: National Finals STEP 5: International Finals 6. 7. 8. 9. JUDGING CRITERIA FOR PARTNER SCHOOLS AND WILDCARD PLAYERS JUDGING CRITERIA FOR WILD CARD PLAYERS PRIZES RECAP OF TEAM’S MATERIALS II. ADDITIONAL RULES 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. REGISTRATION FORM PERSONAL INFORMATION PARTICIPATION AND INTERNSHIP THE PATH TO WIN PLATFORM INVOLVEMENT OF THE L’ORÉAL STAFF INVOLVEMENT OF THE MEDIA INVOLVEMENT OF THE PROFESSORS, SCHOOL STAFF DISQUALIFICATION CONFIDENTIALY OBLIGATION RIGHTS OF REPRODUCTION CLAIMS MISCELLANEOUS 1 I. HOW TO PLAY? ___________________________________ INTRODUCTION Before participating in L'ORÉAL Brandstorm, you should read the official rules in their entirety. By registering, you unconditionally agree to all of the terms and conditions of these official rules. Furthermore, you accept any and all...
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...Explain the links between stock price, intrinsic value, and executive compensation. ◆ Discuss the importance of business ethics and the consequences of unethical behavior. ◆ Identify the potential conflicts that arise within the firm between stockholders and managers and between stockholders and bondholders and discuss the techniques that firms can use to mitigate these potential conflicts. Lecture Suggestions Chapter 1 covers some important concepts, and discussing them in class can be interesting. However, students can read the chapter on their own, so it can be assigned but not covered in class. We spend the first day going over the syllabus and discussing grading and other mechanics relating to the course. To the extent that time permits, we talk about the topics that will be covered in the course and the structure of the book. We also discuss briefly the fact that it is assumed that managers try to maximize stock prices, but that they may have other goals, hence that it is useful to tie executive compensation to stockholder-oriented performance measures. If time permits, we think it’s worthwhile to spend at least a full day on the chapter. If not, we ask students to read it on their own, and to keep them honest, we ask one or two questions about the material on the first mid-term exam. One point we emphasize in the first class is that students should print a copy of the PowerPoint slides for each chapter covered and purchase a financial calculator...
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...The Impact of Compensation Practices February 20, 2011 “The ultimate goal of a pay system is to align the goals and interests of employees with the goals and interests of the organization” – Robert L. Heneman The Impact of Compensation Practices The business arena is ever changing. Where people work, how they work, the relationships in the workplace and compensation for their work continues to change. Hence, “It will be the challenge of compensation professionals to devise ways to reward and motivate employees who work under increasingly flexible arrangements” (Bennett, 1995). Most people interchange and have the perspective that pay and compensation are the same when in reality, compensation is more than just monetary rewards. Compensation is often misunderstood, and can also be misapplied. More often than not, it is out of synch with the values and processes of an organization. This is because despite continued organizational changes, the actual strategies for administering and implementing compensation is misaligned with the rapid changes in the company. “Pay can no longer be seen as a mere expense and cost of doing business, but instead must be viewed as an investment that is closely linked to the long-term success of the organization” (Flannery, et. al., 1996). As Cable and Judge (1994) note, “compensation systems are capable of attracting (or repelling) the right kinds of people because they communicate so much about an organization’s philosophy,...
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...Objective--------------------------------------------------------------------------- 0608. Overview of Long Beach Hotel-----------------------------------------------------0709. Features & Benefits of Long beach hotel ---------------------------------------0710. Vision-----------------------------------------------------------------------------------0811. Mission---------------------------------------------------------------------------------0812. Corporate Objective ----------------------------------------------------------------0813. Organizational Structure--------------------------------------------------------------0914. COMPENSATION FOR TOP MID AND OPERATING LEVEL-----------------1015. Compensation---------------------------------------------------------------------------1516 Employee Benefit------------------------------------------------------------------------1617. COMPENSATION DIMENSION----------------------------------------------18 * Leave & Holiday pay------------------------------------------18 * Disability income continuation----------------------------19 * Health and accident protection----------------------------20 * Income equivalent payments--------------------------------21 * Payment for Time...
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...CHAPTER II REVIEW OF RELATED STUDY This part of the study is the literature related that have some bearing in the present work. These related studies provide the researcher with some insights and directions in the conduct of the study. Review of Related Literature In exploration, we find new techniques, new knowledge, even develop new substances, gadgets, equipment, processes or procedures, imagination and skill is employed by the researcher. The commodities, new devices, services, in technology are needs of man for a better fuller life which is the concern of the research. These useful arts are the products of the technological environment and the end-user is society in general. The excerpt was stated by Josefina Estolas in the book Fundamentals of Research (1995). Science and technology are essential for national development and progress. The State shall give priority to research and development, invention, and their utilization, and to science and technology education according to the 1987 Philippine Constitution (Article XIV, Section 10). Since computer power was the critical resource, efficiency of processing became the main goal. Emphasis was placed on automating existing process such as purchasing or paying, often within single department as indicated by Jeffrey A. Hofer on Modern System Analysis and Design (1996). A major purpose of a database system is to provide users with an abstract view of data. That...
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...Week 8 Assignment Situation #1 Susan, a pharmaceutical representative, must create a presentation about a new drug recently approved by the FDA. She wants to know the main functions of PowerPoint. Susan’s gathered data includes graphs, videos, and statistics of the new drug. In Susan’s case I would start off by explaining the main functions of PowerPoint and how well this application would work for her situation. The main problems we will face is the fact that she will need to become accustom to the whole process of creating a presentation that will include all the items she would like. My way to get over this issue would be to briefly read over with her the basic guidelines and instructions for creating a PowerPoint presentation, such as how to select a theme, insert data and pictures and anything else I would feel she would need to know. I would try to avoid overloading her with anything I think she may not need to deal with at the time. If I have further trouble understanding any issues she has I would suggest that we try to start from the beginning and try to take her through the process step by step and from there figure out the best process for her to create this project. Once we figured out what she wants then I would go back to trying to take her through the basic process of creating a presentation, advising her how to create a slide, edit slides, and how to add in pictures and video’s as well as graphs for her statistics. If we had further issues with...
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...1. The Factors in Purchasing A Personal Computer You are considering purchasing a personal computer. What factors would affect your price sensitivity in making the decision? How would those same factors affect the ... www.brainmass.com/business/other/258403 - Cached 2. price sensitivity 1. You are considering purchasing a personal computer. What factors would affect your price sensitivity in making the decision? How would those same factors affect ... www.brainmass.com/business/other/437778 - Cached 3. [PPT] The Pricing Strategy Pyramid Microsoft Powerpoint ... You are considering purchasing a personal computer. What factors would affect your price sensitivity in making that decision? How would those same factors affect the price sensitivity of some ... www2.bc.edu/~smithgg/F-05_814_Pricing_Strategy.ppt 4. Key- Proc 5830 Pricing - Term Papers - Maragyrl86 Key- Proc 5830 Pricing 1. You are considering purchasing a personal computer. What factors would affect your price sensitivity in making the decision? www.termpaperwarehouse.com/essay-on/Key-Proc-5830... - Cached 5. The Pricing Strategy Pyramid - docslide ... You are considering purchasing a personal computer. What factors would affect your price sensitivity in making that decision? How would those same ... some personal computer ... www.docslide.com/the-pricing-strategy-pyramid - Cached 6. Decision Making Keywords and Phrases - University of ... ... can be made that those decision makers optimize...
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...Materials * PowerPoint * Book * Scieszka, J. (2009). Baloney (Henry P.). Baker & Taylor, CATS. Reasons why certain approaches were chosen/rejected There were several approaches that we had to consider before doing the learning experience. As our topic was about language, we had to carefully consider the different types of languages spoken in the classroom. For example, in our power point when we were talking about how different languages are written – the Chinese and Vietnamese language, we had to do extra research on it in order to explain to the audience the reasons why some languages differ from the English alphabet and why some are so similar. The Chinese and Arabic language is combined with different symbols and is completely different to the English alphabet. In contrast, the Vietnamese language is similar to the English alphabet but some of the letters are repeated with different symbols on top of the letters which suggests the different sounds being made when pronounced. For example, the ‘o’ with the hat at the top is in a lower toned compared to the one with a hook on the side. Though the language has different characteristics, we can relate to it in some way, making it easier for us to learn languages that are similar to our English alphabet. When we got the class into groups to discuss the different languages that they can say ‘hello’ in, we considered whether or not there are people from different ethnic backgrounds who speak different languages...
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...IT/206 Assignment Situation 1: I would inform her the functions of Microsoft PowerPoint include the ability to present information and data through the form of presentations. PowerPoint allows users to present through whatever number of slides is required to present all of the information that is found. If the user has data or number they wish to present instead of just typing numbers PowerPoint allows the user to input these numbers into various charts, and graphs to give the audience a better view of this information. The user must decide which chart or graph will best represent the data. Users may also add notes to their slides to assist them during their presentations they may also provide printed handouts to help keep the audiences’ attention. For Susan I would ask her how much information and data has she found and they type of information to help her choose type of chart or graph she should use in her presentation. Some challenges would be is would the chart fit what she is trying to present, I could give her options to try out and see which chart is best for her. I would ask someone in another department which chart or graph is best of this data type. If she still has trouble I could email her the solution. Situation 2: To combine presentations you will start by opening the presentations that you wish to combine. On the slides tab in normal view, click the slide thumbnail that you want to added slides to follow. From the Insert menu On the Insert menu...
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...Week 7 This week we will be learning about Managing Your Weight. Read Chapter 7. Click on the PowerPoints tab to find the Chapter 7 PowerPoint (no audio). Click on the Quizzes tab and take the Chapter 7 quiz. This quiz is 5 multiple choice questions (from the textbook and power point) and is worth 5 points. You have 3 attempts at this quiz and it is not timed. The last attempt will be recorded in the grade book. The due date for the quiz is Monday, MARCH 17 (because of Spring Break!!) at 11:59pm. You may use your textbook and notes for the quiz but do not talk to anyone about the questions or answers. Optional—click on the Videos tab to find the video, Nutrition and Weight Management. Study the Chapters 1-7 Review PowerPoint. View the video on Academic Integrity found on the Course Welcome page. This video does not discuss online courses but the message is the same in both face-to-face and online courses. EXAM 1 will be available on Friday, March 7, at 6:00 am and will close on Monday, March 17, at 11:59pm. The exam will cover Chapters 1-7 and will consist of 50 multiple choice questions. You can use your book and your notes. Complete the exam on your own (Do NOT talk to anyone about the questions/answers). You have 1 attempt to complete the exam so once you start, you must finish. (DO NOT open the exam until you are ready to complete it because by opening it, it will count as your 1 attempt.) Once you start, keep working so you are not timed out...
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